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FRFTX Franklin Federal Tax-Free Income C

9 lower fee alternatives found

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Fund FRFTX Franklin Federal Tax-Free Income C VWLTX Vanguard Long-Term Tax-Exempt PZA PowerShares National AMT-Free MuniBd ETF  
Similarity
?
100% 93% 92%
Annual Fees
?
$118.41
(1.16% Exp. Ratio)
$20.42
(0.20% Exp. Ratio)
$28.58
(0.28% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.08% annual return
$13,071.24 $17,468.31 $17,053.08
Est. savings over 30 yrs +$4,397.07 +$3,981.84
Return
As of 11/30/16
1 YR RETURN 0.14%
3 YR 3.83%
5 YR 3.36%
10 YR 3.49%
1 YR RETURN 0.24%
3 YR 4.60%
5 YR 4.16%
10 YR 4.12%
1 YR RETURN 0.94%
3 YR 5.77%
5 YR 4.56%
10 YR --
Description
The investment seeks as high a level of income exempt from federal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital. The fund invests at least 80% of its total assets in investment grade municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax. Although the fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of its total assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay taxable interest.
The investment seeks a high and sustainable level of current income that is exempt from federal personal income taxes. The fund has no limitations on the maturity of individual securities but is expected to maintain a dollar-weighted average maturity of 10 to 25 years. At least 75% of the securities held by the fund are municipal bonds in the top three credit-rating categories as determined by a nationally recognized statistical rating organization (NRSRO) (e.g., Aaa, Aa, and A by Moody's Investors Service, Inc. (Moody's)) or, if unrated, determined to be of comparable quality by the advisor.
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the BofA Merrill Lynch National Long-Term Core Plus Municipal Securities Index. The fund generally will invest at least 80% of its total assets in municipal securities that comprise the underlying index and that also are exempt from the federal alternative minimum tax ("AMT"). The underlying index is composed of U.S. dollar-denominated, investment grade, tax-exempt debt publicly issued by U.S. states and territories or their political subdivisions, in the U.S. domestic market with a term of at least 15 years remaining to final maturity.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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